Infosys Shares Slump on Results, Outlook

BANGALORE--Infosys Ltd. Friday lost more than a fifth of its market value after announcing quarterly financial results and outlook that investors found disappointing.

The company that is the poster child of India's outsourcing-services industry topped analyst expectations for its January-March net profit. But the market focused more on its revenue, which fell short of estimates, and guidance for the current fiscal year that indicated...